{"id":45392,"date":"2021-09-27T08:00:56","date_gmt":"2021-09-26T23:00:56","guid":{"rendered":"https:\/\/norimen.net\/wordpress\/?p=45392"},"modified":"2026-08-09T13:58:45","modified_gmt":"2026-08-09T04:58:45","slug":"president-risk-2","status":"publish","type":"post","link":"https:\/\/norimen.net\/en\/president-risk-2\/","title":{"rendered":"Risks for Company Presidents | Explaining the Differences in Ownership Between Corporations and Sole Proprietorships"},"content":{"rendered":"<p>Hello, everyone.<\/p>\n<p>This is Enta.<\/p>\n<p>We've been getting calls from all sorts of places, and it seems like things are getting pretty busy around here.<\/p>\n<p>I really appreciate it.<\/p>\n<p>I'll do my best to help, but please give me a call as soon as possible lol<\/p>\n<hr \/>\n<p>But that's beside the point.<\/p>\n<p>Who owns the items and machinery at the company?<\/p>\n<p>Do you understand?<\/p>\n<p>There are a lot of people who misunderstand things like this.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8397\" src=\"https:\/\/norimen.net\/wordpress\/wp-content\/uploads\/2018\/11\/man_bikkuri.png\" alt=\"Oops\" width=\"384\" height=\"500\" srcset=\"https:\/\/norimen.net\/wordpress\/wp-content\/uploads\/2018\/11\/man_bikkuri.png 384w, https:\/\/norimen.net\/wordpress\/wp-content\/uploads\/2018\/11\/man_bikkuri-230x300.png 230w\" sizes=\"auto, (max-width: 384px) 100vw, 384px\" \/><\/p>\n<p>People who have this misconception tend to think the same thing: they believe that everything in the company belongs to the president.<\/p>\n<p>That's not true.<\/p>\n<p>All of those items belong to the corporation. (For sole proprietors, they belong to the individual.)<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 20px;\"><strong><span style=\"color: #0000ff;\">What Is a Corporation?<\/span><\/strong><\/span><\/p>\n<p><span style=\"color: #0000ff; font-size: 18px;\"><strong>\"Although not human, they are recognized as legal persons under the law and may validly perform legal acts,<br \/>\n\"A person who has been granted the status to be a subject of rights and obligations.\"<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>That's the point.<\/p>\n<p>If you make a purchase using profits earned through company activities, everything becomes the property of the company as a legal entity.<\/p>\n<p>The idea that \u201cwhat belongs to the company belongs to the president\u201d is wrong.<\/p>\n<p>&nbsp;<\/p>\n<p>However, when a company makes a major purchase,<span style=\"font-size: 20px;\"><strong><span style=\"color: #ff0000;\">The business owner is a joint guarantor<\/span><\/strong><\/span>We will take out a loan. (Borrow money)<\/p>\n<p>That means that if something goes wrong at the company, the management will take full responsibility for it.<\/p>\n<p>That's where the risk for business owners lies.<\/p>\n<p>That\u2019s exactly why business owners are so stingy. (It goes without saying.)<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8398\" src=\"https:\/\/norimen.net\/wordpress\/wp-content\/uploads\/2018\/11\/17625947.jpg\" alt=\"Stingy\" width=\"219\" height=\"230\" \/><\/p>\n<p>If you have a mortgage, you probably know exactly what I mean\u2014you spent your whole life building that house, right? lol (Though there are exceptions, of course.)<\/p>\n<p>I think I took out a mortgage with myself as the joint guarantor and insured myself.<\/p>\n<p>Can you just kick that house or break it apart? You'll take good care of it, right?<\/p>\n<p>&nbsp;<\/p>\n<p>It's the same thing. From the company president's perspective, he'll do everything he can to protect the company he built by taking out a loan\u2014a loan that represents his entire life's work.<\/p>\n<p>That\u2019s exactly why we take good care of the company\u2019s equipment and machinery, and why we pay attention to the little things. (It goes without saying, lol.)<\/p>\n<p>This is just how it is.<\/p>\n<p>What about the CEOs at your companies? (Except for the big ones, lol)<\/p>\n<p><span style=\"font-size: 20px;\"><strong><span style=\"color: #ff0000;\">We're taking on considerable risks behind the scenes<\/span><\/strong><\/span>That's right.<\/p>\n<p>There are plenty of other risks as well.<\/p>\n<p>That said, I don't want you to understand that at all, but,<\/p>\n<p>The point is that it's better to know than not to know.<\/p>\n<p>&nbsp;<\/p>\n<p>See you later.<\/p>","protected":false},"excerpt":{"rendered":"<p>Hello, everyone. This is Enta. We\u2019ve been getting calls from all over, and it seems like things are getting pretty busy around here. I\u2019m really grateful for that. I\u2019ll do my best to handle everything, but please call as early as possible, lol. Anyway, moving on\u2014who\u2019s responsible for the items and machinery at the company\u2026<\/p>","protected":false},"author":2,"featured_media":8399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[1796,1835,2820,4790],"class_list":["post-45392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-1796","tag-1835","tag-2820","tag-4790"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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